An adjustable-rate mortgage (ARM) is a mortgage whose interest rate resets at periodic intervals. ARMs have low fixed interest rates at their onset, but often become more costly after the rate starts ...

What Is a 5/1 ARM? (And Should You Get One To Snag a Lower Mortgage Rate?) Prospective homebuyers have been dealt a complicated hand in recent years. Mortgage rates are still high, home prices ...

For those of us who lived through the housing crisis of 2008, you may associate adjustable rate mortgages (ARMs) with predatory lending practices and mass foreclosures. But today’s ARMs have been a ...

A 7/1 ARM is a type of mortgage loan that starts with a fixed interest rate for the first seven years, then adjusts annually thereafter. The initial fixed-rate period for a 7/1 ARM can have a lower ...

If you’re nearing the end of your ARM loan’s initial fixed-rate period and your rate will rise significantly, you might be considering refinancing to a fixed-rate mortgage. A fixed-rate mortgage ...

Adjustable-rate mortgages, or ARMs, are an alternative choice to conventional mortgages. They’re advantageous in certain situations, but compared to their fixed-rate counterparts, their unique ...

When shopping for a mortgage, there are several options to consider. The biggest consideration is whether you want a fixed-rate or variable-rate loan, otherwise known as an adjustable-rate loan. A 5/1 ...

Every dollar counts, especially during inflationary times. That’s why homebuyers or owners should consider cheaper, adjustable rates when shopping for mortgages. Today, a well-qualified borrower can ...

ARMs often start at lower rates, but monthly payments can rise over time Adjustable-rate mortgages peaked at 35% of mortgage applications in 2005 Today's environment is vastly different for several ...